Answer:
a. Net income
b. Financial accounting
c. Managerial accounting
d. Ethical duties
Explanation:
The items we called are shown below:
a. Net income
As the net income shows a difference between total revenues and the total expenditure incurred
In mathematically,
Net income = Total revenues earned - total expenses incurred
b. Financial accounting
The financial accounting is accounting which keep the tracking of the transactions with respect to the journalizing, posting, recording, summarizing and presented in the financial statements so that it provided the information to outsiders for better decision making
c. Managerial accounting
Managerial accounting refers to the information given to the managers with respect to financial information so that the company objectives and goals could be achieved
d. Ethical duties
Every individual of the society should behave ethically to other people so that the other person should reply in a polite way that shows the principal values of an individual
Answer: Create incentives to expand output when resource prices are unresponsive to price-level changes
Explanation:
High price levels indeed create incentives to expand output if resource prices are unresponsive to price changes.
What this means is that, when price levels rise, suppliers tend to take advantage of this rise by producing more if, their INPUTS DON'T increase in price as well.
For example, price of steel goes up by $5 but the price of Iron Ore remains the same.
Suppliers and Producers will produce more steel because they can make a high profit because iron ore prices have not changed.
Answer:
Events can be classified on the basis of their size, type and context (event education, 2013). There are three main categories which events go under. These events are private, corporate and charity which are explained below.
Explanation:
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<span>B. Debit Card is the payment type that is best if you are trying to stick to a budget because it deducts money directly from a consumer’s checking account to pay for a purchase. Unlike credit cards, they do not allow the user to go into debt.</span>
Answer:
a. Cash freed up by cash management:
= Amount received * speed increased by + Amount disbursed by speed reduced by
= 2,550,000 * 2 days + 1,110,000 * 1/2 days
= 5,100,000 + 555,000
= $5,655,000
b. Interest on freed up cash:
= 5,655,000 * 7%
= $395,850
c.<u> No.</u> It is less than the income earned from interest from freed up cash so it should not be implemented as it brings no additional benefit.